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Corpay (CPAY) guidance and outlook
Corpay (CPAY) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $5.3B for FY2026; EPS $28.00 for FY2026; EPS +18% for FY2026; Revenue $5.3B–$5.4B for FY2026. Corpay's 10-Q filed Nov 5, 2026 makes 17 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $5.3B | new |
| EPS | FY2026 | $28.00 | raised |
| EPS | FY2026 | +18% | lowered |
| Revenue | FY2026 | $5.3B–$5.4B | raised |
| Revenue | FY2026 | +18% | raised |
| Net income | FY2026 | $1.3B–$1.4B | raised |
| EPS | FY2026 | $20.03–$20.23 | raised |
| Net income | FY2026 | $1.8B–$1.9B | raised |
| Interest expense | FY2026 | $435M–$455M | lowered |
| Free cash flow | FY2026 | $66.0M | new |
| Tax rate | FY2026 | 24%–26% | lowered |
| Revenue | Q4 2026 | $1.4B | new |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- We estimate that businesses spend approximately $145 trillion annually in transactions with other businesses.
- Some of the countries where we operate, and other countries where we will seek to operate, have undergone significant political, economic and social change and events in recent periods.
- We report information about our operating segments in accordance with the authoritative guidance related to segments.
- • Expenses —Over the long term, we expect that our expenses will decrease as a percentage of revenues as our revenues increase, except for expenses related to transaction volume processed.
- To support our expected revenue growth, we plan to continue to incur additional sales and marketing expense by investing in our direct marketing, third-party agents, internet marketing, telemarketing and field sales force.
- If Mastercard does not exercise that right, we will have a reciprocal repurchase right, or call, for six months starting on May 1, 2028.
- In addition to other terms, the limited partnership agreement provides that, 33 months after the closing we will have the right to acquire all the remaining outstanding equity in the limited partnership for approximately 2.5 times invested capital.
- There is no guarantee the uncommitted capacity will be available to us on a future date.
- We anticipate perfect effectiveness of the designated hedging relationships and record changes in the fair value of the cross-currency interest rate swaps associated with changes in the spot rate through accumulated other comprehensive loss.
- If Mastercard does not exercise the put right, we will have a reciprocal call right to repurchase the interest for six months starting on May 1, 2028.
- In addition to other terms, the limited partnership agreement provides that, 33 months after closing of the AvidXchange acquisition, we will have the right to acquire, or call, all of the remaining outstanding equity in the limited partnership for approximately 2.5 times invested capital which would result in our consolidation of the limited partnership.
- In connection with the sale, the Company anticipates a pre-tax net gain on ultimate disposal between approximately $460 million and $515 million.
Corpay's latest quarter
Corpay, Q3 2026: revenue $1.4B (+18% year over year), operating margin 45.0%, net earnings $378M, operating cash flow −$697M. The chart follows the revenue to costs, profit and cash.
Questions
Did Corpay raise or lower its guidance?
Corpay (CPAY) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $5.3B for FY2026; EPS $28.00 for FY2026; EPS +18% for FY2026; Revenue $5.3B–$5.4B for FY2026.
What does Corpay expect?
We estimate that businesses spend approximately $145 trillion annually in transactions with other businesses. Some of the countries where we operate, and other countries where we will seek to operate, have undergone significant political, economic and social change and events in recent periods. We report information about our operating segments in accordance with the authoritative guidance related to segments.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.